ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3-$5.00 bills, 1-$1.00 bill
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1-$5.00 bill, 2-$1.00 bill
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2-$5.00 bills, 3-$1.00 bills
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1-$5.00 bill, 3-$1.00 bills
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Detailed explanation-1: -Authorized by the Act of February 21, 1853, the coin was designed by Mint Chief Engraver James B. Longacre. The obverse bears a representation of Lady Liberty wearing a headdress of a Native American princess and the reverse a wreath of corn, wheat, cotton, and tobacco.
Detailed explanation-2: -The $5 note features a portrait of President Abraham Lincoln on the front of the note. The vignette on the back of the note changed in 1929 to feature the Lincoln Memorial.
Detailed explanation-3: -Though a gold three-dollar coin was produced in the 1800s, no three-dollar bill has ever been produced. Various fake US$3 bills have also been released over time. These generally poke fun at politicians or celebrities such as Richard Nixon, Michael Jackson, George W.
Detailed explanation-4: -Parker’s answer about the number of times “one” appears on the dollar bill would be incorrect if referring to a current Federal Reserve Note, where the number “1” in numeral or spelled-out form appears a total of 16 times: eight times each in both numeral form and spelled out.